Lowest since the last month of the 2008/9 Great Recession.
Of course a lot of this is uncertainty and if a decisive deal is made (it will be with plenty of time to spare before the election...by design), manufacturing will bounce back.
If Iran and domestic political battles go badly, people will subconsciously respond by cutting back consumption, which might dampen good spirits from any trade deal.
But I suspect there will be a pullback like in 2016...people are gonna be so focused on politics they will forget to spend money.
I just thought that was caused by a minor credit crunch in China in early 2016.
